Share of mortgages in forbearance dips for second straight week
A new report from the Mortgage Bankers Association shows that about 4.2 million homeowners were in forbearance programs as of June 21
by Jim Dalrymple II | Jun 29
JP Morgan Chase: 100-year-old WWII vet can stay in his home
James Been, a 100-year-old army veteran and Brooklyn native, had foreclosure charges against him by JP Morgan Chase dropped on Friday
by Lillian Dickerson | Jun 29
SCOTUS rules CFPB structure is unconstitutional
The agency, which helps protect consumers from bad lending practices — including in the mortgage space — was born out of the 2008 financial crisis
by Patrick Kearns | Jun 29
Caliber Home Loans settlement gives $17M in loan forgiveness to New Yorkers
The settlement applies to borrowers who were enrolled in interest-only loan modifications by Caliber, as well as customers who are dealing with the economic fallout of COVID-19
by Lillian Dickerson | Jun 24
CFPB to adopt price-based approach for qualified mortgage standards
The Consumer Financial Protection Bureau proposed on Monday a shift from DTI ratios to a price-based approach to improve qualified mortgage access
by Marian McPherson | Jun 23
Millennials are confused about real estate
Although millennials will likely make up the largest percentage of homebuyers this year, the generation appears to be woefully under-informed about the real estate industry, according to a recent survey by flat-fee brokerage Homie
by Lillian Dickerson | Jun 23
Summer outlook: A slowing recovery may wait in the wings
While housing has thus far seen a strong recovery, experts say prices may actually fall later this year. Factors such as unemployment and foreclosures could also weigh down the market
by Jim Dalrymple II | Jun 23
Total mortgages in forbearance decreases for first time since March
During the week ending on June 14, mortgage loans in forbearance decreased to 8.48%, down from 8.55% the previous week, according to the MBA
by Lillian Dickerson | Jun 22
Mortgage loans in forbearance tick up to 8.55 percent
The share of mortgage loans in forbearance modestly rose to 8.55 percent of servicers' portfolio volume during the week ending on June 7, up from 8.53 percent the previous week
by Lillian Dickerson | Jun 15
Fed moves likely to keep mortgage rates near historic lows for years
The US Federal Reserve also intends to continue purchasing mortgage-backed securities, Federal Reserve Chairman Jerome Powell said Wednesday
by Patrick Kearns | Jun 10
Congress highlights alleged HUD discrimination against DACA recipients
45 Congressional Democrats have asked HUD Inspector General Oliver Davis to investigate allegations that HUD denied DACA recipients' FHA home loans
by Marian McPherson | Jun 9
4.3M homeowners are in mortgage forbearance: MBA
Despite a 0.07 week-over-week increase in forbearance requests, the Mortgage Bankers Association said homeowners' financial situations are turning around
by Marian McPherson | Jun 9
March delinquency rates remain at record lows despite coronavirus
3.6% of mortgages were in some stage of delinquency, the same as in February
by Veronika Bondarenko | Jun 9
COVID-19-related forbearance volumes decline for first time since pandemic hit
Active COVID-19-related forbearance volumes declined by a net 34,000 for the week ending on June 2, the first weekly decrease since the CARES Act went into effect
by Lillian Dickerson | Jun 5
Demand for mortgages continued in last week of May: MBA
'High unemployment and low housing supply may restrain a more meaningful rebound in purchase applications,' Joel Kan of the Mortgage Bankers Association said
by Veronika Bondarenko | Jun 3
Making sense of the headlines: How long will interest rates stay low?
Opinion
It's been a couple of months since the start of the COVID-19 outbreak, so this week, Windermere Chief Economist Matthew Gardner revisits the topic of mortgage rates and shares his forecast for the rest of the year and 2021
by Matthew Gardner | Jun 2
Homeowners are unprepared for flooding in many cities: Report
In cities with floodplains but no recent catastrophic events, few homeowners actually have flood insurance
by Jim Dalrymple II | May 27
Number of mortgages in forbearance keeps rising
4.2 million Americans are now using forbearance programs. However, the rate at which loans are going into forbearance is slowing, suggesting conditions are stabilizing
by Jim Dalrymple II | May 26
Mortgage purchases signal housing recovery may be here
Odeta Kushi, the deputy chief economist at First American, said the increase in mortgage applications is part of a long-term trend, not simply pent-up demand
by Patrick Kearns | May 20
4.1M Americans are now enrolled in mortgage forbearance plans
As of May 10, 8.16% of all mortgages were in forbearance, up from 7.91% on May 3 — the smallest increase since March, according to the Mortgage Bankers Association
by Lillian Dickerson | May 19
Builder confidence rises slightly amid historic lows: NAHB
The National Association of Home Builders' Housing Market Index rose from 30 to 37
by Veronika Bondarenko | May 18
7 things your first-time buyer should know about getting a loan right now
Ohio-based loan officer Breon Price shares what your first-time buyers can do to increase their chance of approval despite tighter lending standards amid the coronavirus pandemic
by Marian McPherson | May 14
Daily Dispatch: The future of loan origination is entirely digital

Roostify’s CEO tells Brad Inman what’s happening in the world of lending and regulation, and what customers can come to expect with lending options.

by Inman | May 14
Mortgage loans in forbearance surged to 7.91% in last week of April
The total number of mortgage loans in forbearance increased from 7.54% of servicers' portfolio volume. Ginnie Mae held the largest share of loans in forbearance
by Lillian Dickerson | May 12
$1,200 stimulus check made little difference for renters, owners
According to Apartment List's latest study, the nonpayment rate for stimulus check recipients was only 3 percent lower than for those who didn't receive the payment
by Marian McPherson | May 7
26% of all mortgaged homes were equity-rich in first quarter
Roughly one-quarter, or 26.5%, of the 54.7 million mortgaged homes in the U.S. were equity-rich in Q1 2020, according to Attom Data Solutions' Q1 2020 U.S. Home Equity & Underwater Report
by Lillian Dickerson | May 7
Average APRs see significant declines during COVID-19 pandemic
The coronavirus pandemic has resulted in lenders offering significantly lower average annual percentage rates to homebuyers and refinance borrowers
by Lillian Dickerson | May 6
Mortgage purchases jump 6%
The 30-year, fixed-rate mortgage hit 3.4% last week, a record low for the Mortgage Bankers of America survey
by Patrick Kearns | May 6
Qualia teams up with real estate software maker LemonBrew
Qualia's technology will help LemonBrew offer more digital services — something that has never been in more demand
by Jim Dalrymple II | May 6
What's next? C.A.R.'s VP addresses agent concerns
Agents are hungry to know what's going to happen to their businesses and the industry as a whole. Leslie Appleton-Young, the vice president of the California Association of Realtors, shares a real-world, data-driven snapshot into today's realities
by Bernice Ross | May 6
Mortgage activity uptick could signal buyers are returning
Thirty-year, fixed-rate mortgages fell to 3.43%, from 3.45% last week, marking a historic new low, according to the Mortgage Bankers Association
by Patrick Kearns | Apr 29
By the numbers: How hard has COVID-19 hit real estate?
It has already had a massive impact on our personal and professional lives. Now find out how COVID-19 is poised to continue transforming the real estate industry
by Christy Murdock Edgar | Apr 28
Making sense of the headlines: Could we see another housing meltdown?
Opinion
There will certainly be negative impacts on the housing market from COVID-19, but I anticipate that total existing home sales will drop this year by somewhere between 10-15%
by Matthew Gardner | Apr 28
Fannie Mae forecasts mortgage rates under 3% for 2021
The average rate on a 30-year, fixed-rate mortgage could hit 2.9% in 2021, according to Fannie Mae's April housing forecast
by Patrick Kearns | Apr 22
How curbside closings are keeping the market moving
An Atlanta real estate law firm has been conducting mobile closings for 14 years. A global pandemic has given their model, as well as emerging closing technologies fresh, much-needed attention
by Craig C. Rowe | Apr 21
The deal is digital: A guide to handling it online from lead to close
The fax machine is finally put to rest. With the onset of e-closing platforms and RON, the real estate sales cycle is 100% online, mobile and in the cloud. Here's a quick list of vendors for each phase of the deal
by Craig C. Rowe | Apr 17
32% of first-time buyers get financial help from a relative or friend: NAR
Limited income was the most cited factor holding back non-homeowners from saving, according to a new survey released Thursday by the National Association of Realtors
by Andrea V. Brambila | Apr 17
Could coronavirus mortgage payment relief spell trouble for the industry?
Opinion
A provision of the CARES Act allows for mortgage payment relief to help struggling families, but it could have an unintended negative effect on the real estate industry
by Shane Spink | Apr 17
Compass agents anticipate post-pandemic buyer's market in California
More than 700 Compass California agents shared their concerns, market predictions for when shelter-in-place laws lift
by Marian McPherson | Apr 15
Banks can now delay appraisals for up to 120 days after closing
In addition to allowing lenders to delay appraisals, the temporary rule also allows for desktop appraisals and other forms of assessment flexibility
by Craig C. Rowe | Apr 15
Mortgage rates drop to 30-year low
The average contract interest rate for 30-year, fixed-rate mortgages dropped to 3.45%, its lowest level since the Mortgage Bankers Association began its weekly survey
by Lillian Dickerson | Apr 15
‘Strong recovery’ on horizon, V curve possible, says real estate exec
Patrick Stone, of WFG National Title Insurance Company, said Tuesday that home sales will likely be down in 2020, but overall, he's optimistic about an economic recovery from the current pandemic
by Jim Dalrymple II | Apr 14
Making sense of the headlines: What will happen with interest rates?
Opinion
No one can truly answer this question until we know how mortgage lenders and homeowners who have chosen forbearance will fare
by Matthew Gardner | Apr 13
JPMorgan Chase tightens mortgage lending standards amid uncertainty
The lender will require a 700 credit score and 20% down for mortgages
by Patrick Kearns | Apr 13
6 things homeowners need to know about mortgage forbearance plans
The Mortgage Bankers Association's Sara Singhas explained how mortgage forbearance and repayment works and what homeowners should do if they need more time
by Marian McPherson | Apr 10
Mortgage credit availability decreased 16.1% in March
The Mortgage Bankers Association said the decrease is due to stricter lending standards and increased likelihood of loan forbearance and defaults
by Marian McPherson | Apr 9
Mortgage rates remain flat but could go lower this year
The average rate for a 30-year, fixed-rate mortgage is at an all-time low, but it could drop further if the economy stabilizes
by Patrick Kearns | Apr 9
About half of US small businesses have not paid full April rent
About 30% of survey respondents said they did not make a rent or mortgage payment in April, and 20% said they made a partial payment, according to a poll by Alignable
by Lillian Dickerson | Apr 7
Making sense of the headlines: Is the jumbo mortgage market collapsing?
Opinion
The jumbo market has not imploded, but economic uncertainty has led to fewer players in that space today
by Matthew Gardner | Apr 6
Wells Fargo suspends jumbo mortgages as demand fades
In this uncertain market, demand for jumbo mortgages is declining as more homeowners seek forbearances and investors look to more secure loans during the Covid-19 crisis
by Lillian Dickerson | Apr 6
The Real Word: How fear and uncertainty is changing the mortgage industry
And this week, mortgage lender Brian Faye joins in the conversation
by Byron Lazine | Apr 3
Market snapshot: California
A ban on construction in the Bay Area, rent strikes in San Diego and new buildings left vacant in San Pedro all as real estate is deemed 'essential' across the state of California
by Lillian Dickerson | Apr 2
Mortgage applications surge along with refis
Mortgage application activity increased by 15.3%, and the refinance index increased 26% during the week ending March 27
by Lillian Dickerson | Apr 1
FHA and VA latest mortgage servicers to relax standards
The federal mortgage servicers recently joined Fannie Mae and Freddie Mac in offering alternatives to traditional appraisals and employment verifications
by Lillian Dickerson | Mar 31
Making sense of the headlines: How will the housing market fare?
Opinion
Looking for a little clarity on this week's economic and housing news? Windermere Chief Economist Matthew Gardner gives his take on this week’s headlines
by Matthew Gardner | Mar 30
Digital mortgage lender Better.com to hire laid off hospitality workers
The company is aiming to hire 1,000 additional workers this year and wants to pull from the industry hit hardest by coronavirus-fuled layoffs
by Patrick Kearns | Mar 30
Housing protections in the stimulus bill explained
The 880-page bill signed into law by Trump on Friday includes credit protections, foreclosure moratoriums and forbearance on some mortgages
by Patrick Kearns | Mar 28
Fannie Mae, Freddie Mac ease appraisal standards amid coronavirus
The federal loan servicers announced an adjustment of long-held appraisal and employment verification standards in order to help facilitate mortgages amidst the COVID-19 outbreak
by Lillian Dickerson | Mar 25
Major banks agree to mortgage grace period in California
Gov. Gavin Newsom announced Wednesday that Wells Fargo, Citibank, JP Morgan and U.S. Bank would give homeowners a 90-day grace period
by Jim Dalrymple II | Mar 25
These are the cities with the best and worst mortgage outlooks
A new WalletHub report looked at median mortgage balances compared to median income and median home values in different American cities
by Veronika Bondarenko | Mar 25
Homeowners may delay mortgage payments up to 1 year due to virus
The move by Fannie Mae and Freddie Mac came days after President Trump announced that delayed mortgage payments may be an option for borrowers amidst the coronavirus pandemic
by Lillian Dickerson | Mar 23
Refis up 104% year-over-year
Residential refinance mortgages more than doubled in Q4 2019, bringing them to their highest point in nearly 7 years, according to new data from Attom Data Solutions
by Lillian Dickerson | Mar 19
Share of first-time buyers reaches highest peak since 1993
The number of first-time homebuyers exceeded 2 million for the third consecutive year in 2019, according to Genworth Mortgage Insurance
by Marian McPherson | Mar 18
Trump may allow homeowners to delay mortgage payments
The administration didn't make clear how borrowers might catch up on payments later on
by Lillian Dickerson | Mar 18
New housing construction drop again in February
Residential housing starts fell by 1.5%, according to the US Census Bureau
by Veronika Bondarenko | Mar 18
Fed cuts interest rate to nearly zero. What does it mean for real estate?
Realtor.com Chief Economist Danielle Hale believes mortgage rates could go lower this week, but rates and affordability won't be the only thing impacting the housing market
by Patrick Kearns | Mar 16
30-year mortgage rates tick up after hitting historic low
Despite the slight rise in rates, homebuyer demand remains strong, according to Redfin Chief Economist Darryl Fairweather
by Patrick Kearns | Mar 12